For saleSingle family
$170,000
314 Colfax Ave NW
Renville MN 56284
4 beds, 2 baths, 1,515 sqft
314 Colfax Ave NW is a 4 beds, 2 baths, 1,515 sqft single family home for sale at $170,000 in Renville MN 56284. At 20% down it rents for an estimated $3,350/mo and returns $2,158/mo a month at a 21.7% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $3,350/mo
- Monthly cash flow
- $2,158/mo
- Cap rate
- 21.7%
- Cash-on-cash
- 76.2%
- Max offer
- $170,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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